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Metsger Takes Oath of Office

Monday, August 26, 2013 6:55 AM

The Honorable Rick Metsger has taken oath of office and joined the National Credit Union Administration as its 20th Board Member in a Capitol Hill ceremony.

“It is an honor and privilege to join the NCUA Board,” Metsger said. “I will do everything within my power to fulfill the trust placed in me by the President and the Congress to ensure both the integrity and the continued safety and soundness of our nation’s credit union system in a rapidly changing marketplace. For me, the most important task is the continued protection of the Share Insurance Fund, which protects credit union member deposits up to $250,000, from losses.

NCUA General Counsel Michael McKenna administered the oath.

Metsger was nominated by President Barack Obama in May, and the U.S. Senate confirmed his nomination Aug. 1. Metsger replaces former Board Member Gigi Hyland, who left the NCUA Board in October 2012. His term expires Aug. 2, 2017.

Prior to his joining the NCUA Board, Metsger was president of a strategic communications consulting firm.

He served in the Oregon State Senate from 1999 to 2011, and his committee assignments included extensive work in the areas of financial services, transportation and economic development. He was elected Senate President Pro Tempore in 2009. Metsger previously served on the board of the Portland Teachers Credit Union and on the Oregon State Treasury Debt Policy Advisory Commission. Before entering public service, Metsger worked as a radio and television journalist.